Any Cheque And Other Liability - Law Dictionary Search Results
Any cheque and other liability
Matched in: Term Any cheque and other liability
Directors
negligence or breach of trust. A director will not generally be personally liable on a promissory note or cheque which he has signed on behalf of the company, Chapman v. Smethurst, (1909) 1 KB 927. The (English) … managing director, Normandy v. Ind, Coope & Co., (1908) 1 Ch 84; but they were under no personal liability except for fraud, as to the criminal liability for which see Larceny Act, 1861 (24 & 25 Vict.
protest
U.S. consul on behalf of the holder of an instrument (as a note) announcing dishonor and declaring the liability of all parties to the instrument for any loss or damage arising from such action ;also : the … of disapproval protest vb under protest : with noted objections (as of insufficient payment) and claims [cashed a check under protest]
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Crossed cheques
credits his customer's account with the amount of the cheque before receiving payment thereof, though he incurs no liability to the true owner if the customer had notitle. As to the effect of adding the words 'a/c … Crossed cheques. It is very usual for the drawer of a cheque to write across it, between two parallel lines,
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